SCION ASSET MANAGEMENT, LLC ( CRD # 167772/SEC#:801-113529 ) The adviser's REGISTRATION status is listed below. Firm or a related person recommends the purchase of securities where the firm or a related person serves as an underwriter or general or managing partner. Scion has $638,901,404 assets under management (AUM). Growth has also been smooth for the company due to the recurring nature of its business model. Questions to ask Dr. Michael Burry Long Gamestop: Sends Letter to Board 340.42% 1Y 3Y 5Y 10Y. Specifically, his picks were published on message boards on the stock discussion site Silicon Investor back in 1996, with their returns being outstanding! 340.15% 5-Year Performance. Geo dropped approximately 0.1% in the past year. As of 09/30/2022, below is a summary of the Scion Asset Management LLC top holdings by largest position size, as . The portfolio is made up of a total of 102 facilities, including 82,000 beds. Questions to ask The firm's website is not secure by modern internet standards. Our searchable database of U.S.-based financial advisors includes more than 17,000 firms across the country. Michael Burry is likely betting on Wolverine as a distressed equity play, as the companys sales are still more than twice its current market cap. After attending medical school, Dr. Burry left to start his own hedge fund in 2000. | Investormint", "EDGAR Filing Documents for 0001567619-19-004198", The Big Shorts Michael Burry Sees a Bubble in Passive Investing, "Michael Burry Portfolio / Scion Asset Management, LLC Holdings", "Michael Burry tweet, Dec. 1, 2020 (Internet Archive)", "Michael Burry of 'The Big Short' reveals a $530 million bet against Tesla", "Michael Burry of 'Big Short' Bets Against Cathie Wood's ARKK", "Author Michael Lewis on Wall Street's Delusion", "Legendary Investor Leaves Twitter, Lists 8 Metal Bands in Bio", "Where 'The Big Short's Michael Burry Is Today", "Michael Burry: Subprime Short-Seller No. SCION ASSET MANAGEMENT, LLC is a financial services company based out of 20400 STEVENS CREEK BOULEVARD, CUPERTINO, California, United States. Data is sourced from 13D/13G, 13F, and N-Q filings. Dear Members of the Board, Scion Asset Management, LLC and its affiliates ("Scion") own approximately 2,000,000 shares, or about 2.21%, of GameStop, Inc. ("GameStop") common stock. Scion Asset Management's Portfolio - All 9 Public Equity Investments. [9] His son was diagnosed with Asperger syndrome, and Burry believes he himself has Asperger syndrome after reading about the disorder. Yes or , "[6] Burry was able to achieve these returns partly by shorting overvalued tech stocks at the peak of the internet bubble. Please provide me a list of the products and a summary of how much your firm earns from them. Questions to ask , whose value fell approximately 0.1% in the past six months. : 000000000 | State of Incorp. The Scion Asset Management chief's grim prediction may be coming true, as the S&P 500 and Nasdaq indexes tumbled by 19% and 33% respectively in 2022. Firms that receive soft-dollar benefits could be incentivized to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best execution for their clients. The firm prefers to employ long/short, market neutral, and activist strategies. [] To allow for equitable access to all users, SEC reserves the right to limit requests originating from undeclared automated tools. They manage Since Jun 2013. Firm or related person receives soft-dollar benefits in connection with client securities transactions. Scion Announces Addition of 20,000 Beds to its Portfolio of Student Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed Scion employs over 1,750 team members and has over $9 billion of assets under . '[26] In May 2021, it was reported that he held puts on over 800,000 shares of Tesla. Charlie Munger - Daily Journal Corp. Any data inaccuracies, please contact our team. Qualified participating firms must abide by investor.com Certification program's terms and conditions when utilizing an awarded "Trusted by investor.com" badge, as well as in connection with permitted enhancements to the firm's investor.com profile page. Scion Asset Management, LLC Bu - GuruFocus.com When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. Under Bidens plan, the federal government would forgive up to $20,000 in student loans per borrower, depending on their income-based eligibility. in 2008. Precisely because he doesnt focus on a specific industry and because the essence of financial metrics shifts by industry and each companys place in the economic cycle, Dr. Burry utilizes the ratio of enterprise value (EV) to EBITDA when researching investment ideas. Michael Burry Portfolio and News | GuruFocus Burry followed up his warning by detailing his own experience with student debt. Dr. Michael J. Burry is a well known investor and hedge fund manager of Scion Asset Management, LLC Holdings. Portfolio manager(s) are listed as Michael Burry. Firm or an advisory affiliate has previously had an investment-related civil action dismissed against them following a cash settlement in court. Specifically, the company repurchased nearly $9.7 billion worth of stock last year. All rights reserved. Quickly find out what the most recently closed or increased positions are. How many times did it occur? The investment fund's only holding now is The . Burry's Scion Asset Management said in a regulatory filing in mid-May it had put options on 800,100 Tesla shares as of the end of the first quarter. SCION ASSET MANAGEMENT, LLC Top 13F Holdings - WhaleWisdom.com Michael Burry is head of Scion Asset Management. <style> body { -ms-overflow-style: scrollbar; overflow-y: scroll; overscroll-behavior-y: none; } .errorContainer { background-color: #FFF; color: #0F1419; max-width . We know that he's recently bought big on Geo Group (), despite its less-than-stellar performance of late.However, his other picks might surprise you. The GEO Group Inc (US:GEO) Burry even ended up selling 99% of his positions in 2022, including Alphabet (GOOGL) - Get Free Report, Warner Bros Discovery (WBD) - Get Free Report, and Meta (META) - Get Free Report, leaving only his position in GEO Group. He previously owned shares earlier this year but sold out in the second quarter per his latest 13F filing as of June 30th. Scion Asset Management a Portfolio Activity as reported in the most recent 13F form published on Dec 31, 2022. For more information, contact opendata@sec.gov. Eventually, Burry's analysis proved correct: He made a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Updated 05 Jan 2023. This page was last edited on 1 February 2023, at 20:47 (UTC). In early January, he posted to his Twitter account that inflation had "peaked," but that this would not be the last peak of the cycle. Scion Asset Management Review - MagnifyMoney Scion Asset Management Review. Read through our introductory course to financial advisors. Scion Asset Management Holdings Heatmap . CALIFORNIA LIMITED-LIABILITY COMPANY - OUT OF STATE. Burry predicted, "Fed will cut and government will stimulate. Bailing generations out of those bad choices will mean more bad choices, tuition hikes, and terrible consequences for America, he added. Address: 20665 4th Street Suite 201. How does your firm mitigate conflicts that arise from managing accounts with differing fee structures? 1,517,790 additional shares. On this Wikipedia the language links are at the top of the page across from the article title. Company metrics from any one time period can be misleading based on the underlying state of the economy and macros that may benefit or harm the company at a given point in time. Figure 1:What to Know About Michael "Big Short" Burry's Latest Stock Purchase, Read also: GameStop Stock: What the SEC Says About Direct Registration. [4] As a teenager, he attended Santa Teresa High School. The fund's top five holdings, which we analyze below, account for 72.2% of its total public . 'Big Short' Michael Burry Invested Twice in Bed Bath & Beyond Stock Analyzing 13Fs: Scion Asset Management (Michael 'Big Short' Burry) At 06/30/2022: $3,309. Firm or an advisory affiliate was previously found to have made false statements, omissions, or being dishonest and unfair by a regulatory agency other than the SEC or CFTC. Louis Bacon's: Moore Capital Management. Cathie Wood says Michael Burry doesn't understand innovation space 223.17% 10-Year Performance. In the most recent 13F filing, Scion Asset Management revealed that it had opened a new position in Does your firm perform side-by-side management? Thanks for supporting the Wall Street Memes). In addition, the fund holds 5,000,000 shares of Qurate Retail Inc worth $10.1 million, whose value fell approximately 0.1% in the past six months. Why Didn't the Fed? Average metrics of all companies in portfolio . So is Burry less bearish on the U.S. economy than he was last year? If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Perform physically demanding work to maintain the asset, and other property features to minimize liability concerns. Company profile page for Scion Asset Management LLC including stock price, company news, press releases, executives, board members, and contact information Michael Burry of Scion Asset Management liquidated his entire investment portfolio in the second-quarter, according to the latest 13F holdings report. Investor.com is your trustworthy guide to the world of personal finance. The impact to a portfolio due to this purchase was 0.65%. See the Top Performing Hedge-Funds > Michael Burry . According to author Michael Lewis, "in his first full year, 2001, the S&P 500 fell 11.88%. 10/2021 4/18/2022 5:06:55 PM SCION ASSET MANAGEMENT, LLC SCION ASSET MANAGEMENT, LLC (2) If you are using this Form ADV to register more than one investment adviser under an umbrella registration , check this box . In January, Burry made predictions for an economic downturn in 2023. The company has been growing rapidly over the past few years while retaining compelling profitability levels. , Michael Burry (Scion Asset Management, LLC) Performance - Stockcircle This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website. This data is then run through our proprietary scoring algorithm to generate a star rating for each firm based on a variety of measures, including disciplinary history and conflicts of interest. Scion Asset Management, LLC Portfolio Never miss a trade. Scion Asset Management LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Scion Asset Management LLC 13F filings. 2015-2023 Fintel Ventures LLC. . Scion Asset Management has become increasingly popular due to Dr. Burrys ability to identify undervalued investment opportunities around the world. Form 13F is required to be filed within 45 days of the end of a calendar quarter. Following the massive triumph he experienced by successfully predicting the subprime mortgage crisis of 2007-2008, Dr. Michael Burry has grown into a living legend in the world of finance.

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